FOLLOW US Follow us on social media
Boat Loans Australia
financing your boating dreams
Boat Loans Australia :: News
SHARE

Share this news item!

Westpac Divests RAMS Mortgage Portfolio in Strategic Sale

Consortium Acquisition Marks Significant Shift in Mortgage Market Dynamics

Westpac Divests RAMS Mortgage Portfolio in Strategic Sale?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

On November 3, 2025, Westpac Banking Corporation announced an agreement to sell its RAMS mortgage portfolio, valued at A$21.4 billion, to a consortium comprising Pepper Money, investment firm KKR, and asset manager PIMCO.
The sale is at a slight premium to the gross loan value of the portfolio to be transferred at completion.
However, Westpac anticipates incurring a loss on the sale after accounting for transaction costs and other financial adjustments.

This divestment reflects Westpac's strategic shift or repositioning within its lending business. By offloading the RAMS portfolio, Westpac aims to streamline its operations and focus on core banking activities. For the acquiring consortium, this acquisition represents a significant expansion in the Australian mortgage market, potentially offering more competitive loan products and services to consumers.

For existing RAMS customers, the transition to new ownership may bring changes in loan management and customer service. It's advisable for borrowers to stay informed about any updates from the new loan servicers and understand how this change might affect their mortgage terms and conditions.

Published:Sunday, 16th Nov 2025
Author: Paige Estritori

Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.

Share this news item:

Rate this article

Sign in with Google to rate

0 Comments

No comments yet. Be the first to share your thoughts.

Finance News

What a Steady Rate Setting Means for Boat Buyers
What a Steady Rate Setting Means for Boat Buyers
17 Sep 2026: Paige Estritori
The Reserve Bank’s latest decision to keep the cash rate steady gives Australian boat buyers a useful moment to pause, but it should not be mistaken for a guarantee that borrowing costs will stay simple or uniform. For households looking at a first trailer boat, a fishing upgrade, a personal watercraft or a larger family cruiser, the lending market remains highly dependent on borrower profile, boat type, deposit size, loan structure and lender appetite. - read more
September Lending Signals Give Boat Buyers a Fresh Checkpoint
September Lending Signals Give Boat Buyers a Fresh Checkpoint
10 Sep 2026: Paige Estritori
Fresh September lending signals are giving Australian boat buyers another reason to slow down before signing a purchase contract. As the spring boating season gathers pace, lenders are still competing for well-qualified borrowers, but the gap between the cheapest-looking offer and the most suitable finance structure can be wider than many buyers expect. - read more
Spring Boating Push Puts Safety and Finance Planning Together
Spring Boating Push Puts Safety and Finance Planning Together
03 Sep 2026: Paige Estritori
Spring is shifting Australia’s boating market into a more active phase, with warmer weekends likely to bring more inspections, test runs and conversations with dealers and private sellers. Alongside that renewed interest, seasonal safety reminders are also becoming more important for anyone preparing to buy, upgrade or return a vessel to regular use. - read more
Used Boat Interest Builds as Spring Buying Season Nears
Used Boat Interest Builds as Spring Buying Season Nears
27 Aug 2026: Paige Estritori
Australia's used boat market is moving back into sharper focus as the spring boating season approaches, with marine classifieds and dealer activity again putting late-model trailer boats, fishing rigs, family runabouts, personal watercraft and cruisers in front of motivated buyers. For households that have spent winter researching models, the next few weeks may bring more inspection opportunities, but also more pressure to act quickly when a suitable vessel appears. - read more
Fresh Rate Signals Put Boat Finance Back Under the Microscope
Fresh Rate Signals Put Boat Finance Back Under the Microscope
13 Aug 2026: Paige Estritori
Australia's winter boat show season has left many buyers with brochures, dealer follow-ups and a clearer sense of the vessel they want. The latest finance market signals now point to the next challenge: making sure the loan structure is as carefully chosen as the boat itself. - read more
After the Sydney Boat Show, Finance Planning Takes Centre Stage
After the Sydney Boat Show, Finance Planning Takes Centre Stage
05 Aug 2026: Paige Estritori
With the 2026 Sydney Boat Show now complete, many Australian buyers are moving from browsing mode into decision mode. The event brought a broad mix of trailer boats, fishing craft, family cruisers, personal watercraft, electronics and accessories into one place, giving would-be owners a valuable chance to compare models and speak with dealers. The next step, however, is less glamorous and more important: turning enthusiasm into a sustainable finance plan. - read more
Click for more Finance News


Boat Loans Articles

Boat Loan Refinancing: Financial Advantages, Costs and Key Considerations
Boat Loan Refinancing: Financial Advantages, Costs and Key Considerations
Boat loan refinancing means replacing an existing boat loan with a new loan. It may help some borrowers access different rates, repayments, loan terms or features, but the benefits depend on the new loan, the remaining balance, fees and individual circumstances. - read more
Secured and Unsecured Loans: Deposits, Boat Valuations and Loan-to-Value Ratios
Secured and Unsecured Loans: Deposits, Boat Valuations and Loan-to-Value Ratios
Secured and unsecured boat loans are assessed differently. This guide explains how deposits, boat valuations and loan-to-value ratios may influence borrowing limits, lender risk, upfront contributions and finance eligibility in Australia. - read more
How to Choose the Right Boat Finance Option
How to Choose the Right Boat Finance Option
Before embarking on the exciting journey of purchasing a new boat, it is essential to have a clear understanding of boat finance options. Choosing the right financing option can save you a considerable amount of money in the long run. Having said that, the numerous finance options and terms can be confusing and daunting for first-time buyers. - read more
Boat Loan Application Checklist: How to Prepare in Australia
Boat Loan Application Checklist: How to Prepare in Australia
A boat loan application is easier to manage when you understand what lenders may review, what documents to prepare and how repayments could fit with your broader budget. This checklist explains the key preparation steps for Australian boat buyers before applying. - read more
Budgeting Blunders: Common Errors in Boat Financing Explained
Budgeting Blunders: Common Errors in Boat Financing Explained
A boat loan can be defined as a type of financing tailored specifically to help buyers acquire a boat. It serves a crucial role in making the dream of boat ownership more attainable, as it enables you to spread the payment over a period of time rather than shelling out a substantial sum upfront. - read more
Buying a Boat in Australia: Key Things to Consider
Buying a Boat in Australia: Key Things to Consider
Buying a boat is a significant financial and practical commitment. Before choosing a vessel, it helps to think carefully about how you plan to use it, what you can afford, the condition and history of the boat, and the ongoing costs and legal responsibilities that come with ownership in Australia. - read more


Start Here

START HERE.

Loan Amount:
Postcode:

All quotes are provided obligation-free by a participating broker from our national referral partner network. We respect your Privacy.


Quotes are offered free & without obligation. We respect your privacy.

Knowledgebase
Truth in Lending Act (TILA):
A federal law designed to promote the informed use of consumer credit by requiring disclosures about terms and costs.


Quick Links: | Boat Loan Finance | Boat Financing Options | Marine Finance | Boat Loan Rates | Boat Loan Calculator | Boat Loan Comparison | Boat Loan Lenders | Boat Loan Terms | Boat Loan Approval | Boat Loan Application | Boat Loan Interest Rates



This website is owned and operated by Clark Family Pty Ltd (ACN 010 281 008) as Trustee for the Clark Family Trust (ABN 35 957 893 714), 43 Larch Street Tallebudgera QLD 4228. Clark Family Pty Ltd is an Authorised Representative (AR 1298860) of Unique Group Broker Services Pty Ltd (AFSL 509434). Check our licensing details on the ASIC registers: Clark Family Pty Ltd ACR, Clark Family Pty Ltd AR, Unique Group Broker Services.
| HOME | RATES | CALCULATORS | NEWS | ARTICLES | ABOUT | CONTACT | PRIVACY | BROKERS | SITEMAP |
IMPORTANT: We act solely as an introducer and refer enquiries to licensed third-party brokers, insurers, and lenders. We do not provide financial product advice or credit assistance. We may receive a fee or commission from these third parties in consideration for the referral. Before any action is taken to obtain a product or service referred to by this website, advice should be obtained (from either the third party to whom we refer you or from another qualified intermediary) as to the appropriateness of obtaining those products having regard to your objectives, financial situation and needs. Whilst we have our own process for validating the legitimacy of our referral partners, you should independently verify the credentials and licensing of any adviser or provider you engage. Visit the ASIC website for further information.